Mascoma Files for $100-Million IPO

10:25 AM MDT | September 20, 2011 | Rebecca Coons

Mascoma (Lebanon, NH), a renewable fuels and chemicals firm targeting the conversion of hardwood biomass feedstocks, has filed for an initial public offering (IPO) worth up to $100 million. The company expects to offer 54 million shares, and will use the proceeds for working capital, R&D, scale-up, and sales and marketing. According to the filing, Mascoma plans to initially sell its Mascoma Grain Technology (MGT) yeast to the corn ethanol industry. The yeast can be used as a drop-in replacement for existing yeasts and have been shown to lower per-gallon...